Overview

• Group revenue fell 4% to €19.5 billion in Q2 2025, slightly worse than analyst projections of a 3% decline.
• Fashion and leather goods sales registered a 9% drop, missing consensus forecasts and underscoring pressure on LVMH’s core segment.
• Sephora-led beauty division achieved a 12% profit rise, serving as a key stabilizer during the broader downturn.
• Net profit in the first half plunged 22% to €5.70 billion due to economic uncertainty and weakened tourism, especially in Japan.
• The group is leveraging pricing power through local production plans, buoyed by resilient Chinese demand ahead of anticipated EU–US trade deal progress.